JenaValve makes a transcatheter aortic valve implant that’s on the market in Europe. Drachman, whose résumé includes stints at Biosense Webster, Impulse Dynamics, Ventritex and Boston Scientific (NYSE:BSX), spent 10 years in the corner office at AtriCure from 2002 to 2012, according to a press release.
"During his tenure, AtriCure became the 1st and remains the only company to receive U.S. Food & Drug Administration approval for the surgical treatment of [atrial fibrillation], expanded its product portfolio from 1 to 6 unique platforms and grew from a startup company to the market leader with sales in more than 30 countries," JenaValve said.
"Mr. Drachman is joining JenaValve at a key point in the Company’s evolution," chairman Raymond Cohen said in prepared remarks. "David is a recognized leader who is highly competitive and up to the challenge of positioning JenaValve as a significant player in the TAVI space. The board and I look forward to working closely with David to achieve those goals."
"The last 8 years have been the most exciting period in my professional life. After having built JenaValve from scratch to a solid, well respected company with excellent products, it is time now for the next big step for the company. I have no doubt that David has the expertise to enlarge JenaValve’s international presence and lead the company going forward," former CEO Helmut Straubinger added.
"JenaValve has developed and commercialized a truly unique TAVI system that has proven advantages for both physicians and patients. The company now seeks to translate its innovation into a broader product platform, complete clinical study work and gain the CE Mark for our transfemoral pericardial tissue TAVI product, accelerate commercial growth in Europe and aggressively pursue serving new and larger geographies, including the United States and China," Drachman said.
Hill-Rom CFO Saccaro returns to Baxter
Baxter (NYSE:BAX) said today that it’s bringing James Saccaro back into the fold as CFO for its core business after it spins out its pharmaceuticals division. Saccaro, who was CFO for Hill-Rom Holdings (NYSE:HRC) until July 3, was with Baxter from 2002 to 2011. Hill-Rom said treasurer Michael Macek will serve as interim CFO until a replacement for Saccaro is found.
Echo Therapeutics promotes Burke to interim CEO
Echo Therapeutics (NSDQ:ECTE) said it promoted general counsel Kimberly Burke to be interim CEO until a permanent chief executive is found. Burke succeeds Robert Doman, whose contract expired June 30. Echo also said Christopher Schnittker resigned as CFO effective July 15.
GI Dynamics loses commercial chief Twyman, begins COO search
GI Dynamics (ASX:GID) said its chief commercial officer, Mark Twyman, stepped down effective July 1, prompting the company to launch a search for a president & COO "to augment its leadership team and oversee the global sales and marketing efforts." GI Dynamics tapped Twyman in November 2011.